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Indonesia Business Report
General information
Source: The World Factbook - Central Intelligence Agency
Population
260,580,739 (July 2017 est.)GDP (PPP)
$3.243 trillion (2017 est.)The largest economy in Southeast Asia
GDP growth rate
5.2% (2017 est.)One of the highest in the region
GDP (PPP) per capita
$12,400 (2017 est.)Low
Local currency
Indonesian rupiah (IDR)Weak currency dependent on commodity prices, however it has remained stable for the past 4 year after a devaluation in 2013
Financial stability (Public debt)
33.1% of GDP (2017 est.)Low
Inflation
4% (2017 est.)Medium to high, slightly increased from 2016
Language
Bahasa IndonesiaEnglish is used for business and is spoken as a foreign language at an intermediate level especially in the main urban areas
Corruption perception index (Source: Transparency International)
96/180High level of corruption
Duties and tax
Source: PwC World Tax Summaries 2017-2018
VAT
VAT applies to sales of goods and services within Indonesia at a rate of 10% In addition, some goods (certain household appliances, sport equipment, motor vehicles, luxury residences, etc) are subject to the Luxury-goods sales tax from 10% to 125%
Corporate Tax
25% standard rate The standard rate is halved for small companies (turnover up to 3M EUR) on their first 300k turnover
Duties
0% to 150% on the customs value of imported goods
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